SCIENCE, TECHNOLOGY & INNOVATION Transforming Development Akash Bhavsar, B.S., MBA Managing Director, Skyquest Technology Group www.skyquestt.com © Copyrights reserved by Skyquest Technology Group www.skyquestt.com © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Global Energy Consumption (2010)  Non-renewable Energy Sources Running Out fast – Oil & Natural Gas will be over in 70 Years and Around 250 years for complete depletion of Coal  UN Secretary General’s goal is to double the share of Renewable Energy in the global energy mix by 2030  ‘GREEN ECONOMY’ is the New Mantra SOURCE: Renewable 2012 Global Status Report, BBC © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Green Economy  Economic development that is cognizant of environmental and equity considerations and promotes the earth’s environment while contributing to poverty alleviation  Three main aspects: • Environmental Sustainability and reduces Ecological Scarcities • Socially Justified • Locally rooted making the region Self Sufficient © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Green Economy Renewable Energy Green Buildings Clean Transportation Water Management Waste Management Land Management © Copyrights reserved by Skyquest Technology Group www.skyquestt.com HYDRO BIOMASS SOLAR WIND BIOFUEL GEOTHERMAL © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Breaking The Myth 400,000 BCE 3,200 BCE 2000 BCE •Discovery of fire, process of •The Egyptians use the sail, •Archeological records suggest converting the chemical energy which is the first recorded use the Chinese burn coal as a in biomass to heat and light of wind energy. source of power for the first energy time 1600s 200 BCE 400 BCE •Development of Coal Coke in •In ancient India, China and •Passive solar design is England Aids Iron Production Imperial Rome, water wheels advocated by Socrates in an paving the way for the and watermills were built to ancient Grecian publication Industrial Revolution grind grain into flour. 1859 Sep. 4, 1882 1901 •First Commercial Oil Well •First Electric Plant Built by •Birth of the Modern Oil Drilled by Edwin Drake in Thomas Edison in New York Industry Pennsylvania 1970s Dec. 2, 1957 1906-1908 •Environmentalists promoted •First Commercial Nuclear •Studies on Alcohol Fuel the development of renewable Power Plant Begins Operation (Ethanol) Find Advantages over energy both as a replacement in Shipping port, Pennsylvania Petroleum Fuels Such as for the eventual depletion of oil Gasoline and Kerosene © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Renewable Energy Investment (Developing v/s Developed) SOURCE: Bloomberg New Energy Finance, UNEP © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Renewable Energy Investment (Region) SOURCE: Bloomberg New Energy Finance, UNEP © Copyrights reserved by Skyquest Technology Group www.skyquestt.com Renewable Energy Technology  Technologies that can harness energy from renewable source to usable form of energy like Fuel, Electricity or Heat Energy  Renewable energy can contribute to grid-connected generation while having a large scope for off-grid applications  Have been implemented in developing countries for a whole variety of different applications  When executed with correct policy and solution control can be very suitable for remote and rural applications in developing countries © Copyrights reserved by Skyquest Technology Group www.skyquestt.com